M&A Deal Summary

Parkland Acquires Story Distributing

On December 3, 2020, Parkland acquired distribution company Story Distributing

Acquisition Highlights
  • This is Parkland’s 4th transaction in the Distribution sector.
  • This is Parkland’s 7th transaction in the United States.
  • This is Parkland’s 2nd transaction in Montana.

M&A Deal Summary
Date 2020-12-03
Target Story Distributing
Sector Distribution
Buyer(s) Parkland
Deal Type Add-on Acquisition

Target

Story Distributing

Bozeman, Montana, United States
Story Distributing Co. is a full line branded wholesaler and dealer of petroleum fuel products in the state of Montana. The company sells Exxon, Mobil, Phillips 66, and Sinclair as well as unbranded products from a variety of suppliers. It sells branded lubricants, solvents, greases, and antifreeze supplied by ExxonMobil, ConocoPhillips, and CAM2, own line, meeting the needs of any specialty products required by customers. Story Distributing's fuel and lubricant services include bulk delivery by a team of professional and safe transportation staff at no additional cost.

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Buyer(S) 1

Buyer

Parkland

Calgary, Alberta, Canada
Category Company
Founded 1977
Sector Oil/Gas Exploration
Employees3,051
Revenue 32.5B CAD (2023)
DESCRIPTION

Parkland is an independent marketers of fuel and petroleum products. It deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Parkland was founded in 1977 and is based in Calgary, Alberta.

DEAL STATS #
Overall 10 of 15
Sector (Distribution) 4 of 6
Type (Add-on Acquisition) 9 of 13
State (Montana) 2 of 2
Country (United States) 7 of 10
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Carter Oil

Flagstaff, Arizona, United States

Formed in 1974, Carter Oil Co. is a wholesale and commercial fuel distributor serving Northern Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 Conrad & Bischoff

Idaho Falls, Idaho, United States

Conrad & Bischoff, Inc. is a retail, commercial, wholesale and lubricants business with annual fuel and petroleum product volume of approximately 700 million litres. Conrad & Bischoff is based in Idaho Falls, Idaho.

Buy -
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